Rambus Inc. (NASDAQ:RMBS) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.38.

Several research analysts have issued reports on the company. BidaskClub cut Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Citigroup raised their price target on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Benchmark restated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Finally, Loop Capital restated a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Rambus in a research report on Tuesday, October 24th.

Rambus (RMBS) opened at $12.17 on Wednesday. The stock has a market capitalization of $1,333.80, a price-to-earnings ratio of -71.58, a price-to-earnings-growth ratio of 1.85 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.76. Rambus has a 52-week low of $11.30 and a 52-week high of $15.50.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $101.89 million during the quarter, compared to analysts’ expectations of $101.25 million. Rambus had a positive return on equity of 9.56% and a negative net margin of 4.70%. Rambus’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. equities analysts expect that Rambus will post 0.66 EPS for the current fiscal year.

In related news, SVP Jae Kim sold 7,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $14.90, for a total transaction of $104,300.00. Following the sale, the senior vice president now owns 99,580 shares of the company’s stock, valued at $1,483,742. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Kissner sold 6,347 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,989 shares of company stock valued at $574,214. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of Rambus by 28.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock valued at $60,169,000 after acquiring an additional 941,800 shares during the last quarter. AXA boosted its stake in shares of Rambus by 499.3% during the fourth quarter. AXA now owns 358,400 shares of the semiconductor company’s stock valued at $5,096,000 after acquiring an additional 298,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Rambus by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 1,090,281 shares of the semiconductor company’s stock valued at $15,503,000 after acquiring an additional 58,426 shares during the last quarter. Harvest Management LLC acquired a new stake in shares of Rambus during the fourth quarter valued at $213,000. Finally, King Luther Capital Management Corp boosted its stake in shares of Rambus by 47.3% during the fourth quarter. King Luther Capital Management Corp now owns 171,970 shares of the semiconductor company’s stock valued at $2,445,000 after acquiring an additional 55,225 shares during the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

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About Rambus

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

Analyst Recommendations for Rambus (NASDAQ:RMBS)

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